JPM

JP Morgan Chase & CO

Dow Jones

The Dow Jones Today Is Tilted Up on Trade Deal Optimism

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The Dow Jones today is rising with investors surprisingly optimistic about a possible trade deal between the United States and China.

I say "surprisingly" because President Trump has taken multiple swipes at China, and the U.S. is penalizing Chinese oil shipment firms.

JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon also said Wednesday he doesn't expect a deal before the 2020 election.

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Stocks

Here's Why Warren Buffett Is Buying Bank Stocks

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I find it extremely interesting that at a time when the markets are sideways, and interest rates are falling, Warren Buffett is buying banks…

Berkshire Hathaway is now among the five largest shareholders at firms like Bank of America Corp. (NYSE: BAC), JPMorgan Chase & Co. (NYSE: JPM), and Goldman Sachs Inc. (NYSE: GS). Even credit card giant American Express Co. (NYSE: AXP) is a significant Buffett holding.

Right now, a lot of people are avoiding banks because of falling rates. But when you understand the broader trends, banking stocks are attractive, cheap, and have massive upside.

There are other major trends in the banking industry that you should know about.

I'll discuss those major trends and tap into the best bank stock to buy according to the Money Morning Stock VQScore™.

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Stocks

3 Ways to Profit Before the Next Stock Market Crash

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You’ll hear the words “stock market crash” more often, the longer we stay in our current bull market.
Though we usually prefer to look beyond popular trends like this… there’s actually solid evidence a stock market crisis could be underway. But not to worry – we have a few ideas for staying profitable in that event, and we’re going to share them with you.

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Earnings

Here’s the Truth About Those Big Bank Earnings Beats

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Earnings season is now in high gear, and as I predicted last week, the numbers are coming in stronger than the pundits expected.

That was definitely the case with the big banks last week; Goldman Sachs blew the doors off Wall Street's expectations, posting earnings of $5.81 versus the $4.89 analysts had on the board. JPMorgan posted earnings of $2.82 versus estimates of $2.50.

JPMorgan's CEO, Jamie Dimon, noted "positive momentum with the U.S. consumer – healthy confidence levels, solid job creation, and rising wages."

Now, it's certainly true the consumer is stronger than the headlines suggest. That's a truth we talk about frequently.

But that's not the real story…

The truth is something you and I and just about every American know deep down: There are some significant challenges facing U.S. consumers right now.

I'm talking about very real inflation – the existence of which the Fed has denied for years now – and the ever-increasing levels of consumer debt out there.

The two are related, despite what you might hear coming out of Washington and Wall Street.

Let me show you what's really happening here - and a stock you can buy to both profit and protect yourself...